DLH (NASDAQ:DLHC) Major Shareholder Purchases $72,468.00 in Stock

Key Points

• Major shareholder Mink Brook Asset Management LLC purchased 13,176 shares of DLH Holdings Corp. for a total of $72,468, raising their total ownership to 1,885,303 shares valued at approximately $10.37 million.
• The stock of DLH has shown fluctuations in its yearly performance, with a low of $2.72 and a high of $9.58, currently trading at around $5.58.
• Despite recent purchases by institutional investors, the general market sentiment towards DLH is cautious, with a consensus rating of "Sell" from analysts.

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 13,176 shares of DLH stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average price of $5.50 per share, with a total value of $72,468.00. Following the transaction, the insider owned 1,885,303 shares of the company's stock, valued at $10,369,166.50. The trade was a 0.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Tuesday, September 16th, Mink Brook Asset Management Ll purchased 15,523 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $85,376.50.
• On Monday, September 15th, Mink Brook Asset Management Ll acquired 74 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $407.00.
• On Friday, September 12th, Mink Brook Asset Management Ll acquired 16,734 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $92,037.00.
• On Thursday, September 11th, Mink Brook Asset Management Ll acquired 200 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $1,100.00.
• On Tuesday, September 2nd, Mink Brook Asset Management Ll purchased 197 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $1,083.50.
• On Friday, August 29th, Mink Brook Asset Management Ll purchased 181 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $995.50.
• On Thursday, August 28th, Mink Brook Asset Management Ll purchased 446 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $2,453.00.
• On Friday, August 22nd, Mink Brook Asset Management Ll purchased 100 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $550.00.
• On Thursday, August 21st, Mink Brook Asset Management Ll purchased 18,016 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $99,088.00.
• On Wednesday, August 6th, Mink Brook Asset Management Ll purchased 968 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $5,324.00.

DLH Price Performance

Shares of DLH stock opened at $5.58 on Wednesday. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $9.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $5.59 and a 200 day moving average of $5.05. The firm has a market cap of $80.30 million, a PE ratio of 17.44 and a beta of 1.35.

DLH (NASDAQ:DLHC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. DLH had a return on equity of 4.08% and a net margin of 1.27%.The business had revenue of $83.34 million for the quarter, compared to the consensus estimate of $83.00 million. On average, research analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

A number of institutional investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC lifted its holdings in DLH by 64.5% in the second quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider's stock valued at $13,822,000 after acquiring an additional 928,258 shares during the last quarter. RBF Capital LLC acquired a new position in DLH in the second quarter valued at approximately $1,314,000. Minerva Advisors LLC lifted its holdings in DLH by 20.2% in the first quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider's stock valued at $4,125,000 after acquiring an additional 170,805 shares during the last quarter. Strs Ohio acquired a new position in DLH in the first quarter valued at approximately $185,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in DLH in the second quarter valued at approximately $239,000. Hedge funds and other institutional investors own 67.25% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DLH currently has a consensus rating of "Sell".

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.